Royal Bank of Canada (RY)

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78.86 -0.47  -0.59% NYSE May 23, 20:00 Delayed 2m USD

Royal Bank of Canada Price to Book Value:

2.115 for May 23, 2018
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Royal Bank of Canada Price to Book Value Chart

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Royal Bank of Canada Historical Price to Book Value Data

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Export Data Date Range:
Data for this Date Range  
May 23, 2018 2.115
May 22, 2018 2.128
May 21, 2018 2.111
May 18, 2018 2.093
May 17, 2018 2.117
May 16, 2018 2.123
May 15, 2018 2.108
May 14, 2018 2.114
May 11, 2018 2.105
May 10, 2018 2.103
May 9, 2018 2.074
May 8, 2018 2.048
May 7, 2018 2.055
May 4, 2018 2.042
May 3, 2018 2.036
May 2, 2018 2.034
May 1, 2018 2.038
April 30, 2018 2.040
April 27, 2018 2.051
April 26, 2018 2.024
April 25, 2018 2.017
April 24, 2018 2.019
April 23, 2018 2.047
April 20, 2018 2.046
April 19, 2018 2.047
April 18, 2018 2.062
   
April 17, 2018 2.058
April 16, 2018 2.056
April 13, 2018 2.043
April 12, 2018 2.062
April 11, 2018 2.068
April 10, 2018 2.086
April 9, 2018 2.069
April 6, 2018 2.046
April 5, 2018 2.068
April 4, 2018 2.048
April 3, 2018 2.056
April 2, 2018 2.051
March 29, 2018 2.073
March 28, 2018 2.047
March 27, 2018 2.056
March 26, 2018 2.082
March 23, 2018 2.067
March 22, 2018 2.087
March 21, 2018 2.126
March 20, 2018 2.103
March 19, 2018 2.094
March 16, 2018 2.094
March 15, 2018 2.100
March 14, 2018 2.103
March 13, 2018 2.104

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About Price to Book Ratio

Price to book value is a financial ratio used to compare a company's book value to its current market price. Book value is an accounting term denoting the portion of the company held by the shareholders at accounting value (not market value). In other words, book value is the company's total tangible assets less its total liabilities.

The ratio has two calculation methods. In the first way, the company's market capitalization is divided by the company's total book value from its balance sheet. The second way, using per-share values, is to divide the company's current share price by the book value per share. In general, a low price to book value indicates that a stock is undervalued and thus more desirable.

In theory, if you purchased stock with a price to book value less than 1 and the company immediately went bankrupt, you would gain money on your investment. In reality, this may not be true since there are times when liquidation value, or the price at which a company's assets can be sold, is less than the book value of those assets.

For more information on evaluating valuation multiples similar to this, please see our original white paper research : Making Sense Of Valuation Multiples.
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RY Price to Book Value Benchmarks

Benchmarks
Bank of America 1.276
Citigroup 0.9798
Wells Fargo 1.528

RY Price to Book Value Range, Past 5 Years

Minimum 1.507 Jan 20 2016
Maximum 2.561 Jul 21 2014
Average 2.127

RY Price to Book Value Excel Add-In Codes

  • Metric Code: price_to_book_value
  • Latest data point: =YCP("RY", "price_to_book_value")
  • Last 5 data points: =YCS("RY", "price_to_book_value", -4)

To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.

Access our powerful Excel Add-in with a YCharts Professional Membership. Learn More.

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